Comments on: Reuters Washington Extra – Panetta’s pain Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 By: SocalClimber70 Fri, 27 Jan 2012 02:10:28 +0000 Panetta, is offering to cut $500 billion over 10 years. Using second grade mathematics, that drops military spend by $50 billion per year. That’s not enough. Look at pre-Iraq levels, we should be below that number ($300 billion / year) if we want our military spend to be anywhere close to what other countries spend. Panetta just insulted us with his offer to “cut” military spending. If he had offered $4 trillion in spending cuts over 10 years then we would be in the right ballpark.